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FOR IMMEDIATE RELEASE

ARROW ELECTRONICS NAMED EUROPEAN DISTRIBUTOR OF THE YEAR BY GARTNER GROUP'S DATAQUEST


MELVILLE, NEW YORK, July 7, 1998 -- Arrow Electronics, Inc. (NYSE:ARW) has been named European Distributor of the Year by Dataquest, the research division of the Gartner Group, a global IT consulting firm. The award was presented at the Gartner Group's 1998 European Semiconductor Vendor of the Year Awards in London. Awards were given in five other categories.

"We're honored to receive this award from our customers," said Arrow Chairman and Chief Executive Officer Stephen P. Kaufman. "Our goal is to become easier to do business with, and this award indicates that we are moving in the right direction." The award was based on an extensive survey, conducted by Dataquest, which polled leading purchasers of semiconductors throughout Europe during April and May of this year. The companies polled represent 43 percent of the entire European semiconductor market. Survey respondents rated semiconductor vendors on delivery, quality, responsiveness, technical support, price, supplier flexibility, and overall performance.

Dataquest is a leader in providing high-technology and financial communities with market intelligence on the semiconductor, computer systems and peripherals, communications, document management software and services sectors of the global information technology industry. The organization's parent company, the Gartner Group is based in Stamford, Connecticut, and is the world's leading authority on information technology.

Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1997 sales of $7.8 billion. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and 160,000 original equipment manufacturers and commercial customers through more than 200 sales facilities and 26 distribution centers in 32 countries. Detailed information about Arrow can be found at www.arrow.com

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For more information contact:

Robert Klatell
Arrow Electronics, Inc.
Executive Vice President
(516) 391-1830

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